Orbit will be used as Olympic venue to host corporate events

Anish Kapoor's ArcelorMittal Orbit sculpture will be used to host corporate events during the Olympic Games, mayor of London Boris Johnson has announced.

The iconic landmark, a 115m tall steel structure that has been dubbed a twisted Eiffel tower, will become one of the Olympic venues thanks to the public spaces at the top which include a viewing gallery and a restaurant.

"We will use the facilities at the top of the Orbit for corporate entertainment during the Games and will set out a business plan to this effect," Mr Johnson announced.

The proceeds made from using the restaurants during the Olympics will used to help recoup some of the £3.1 million spent on the project by the London Development Agency.

ArcelorMittal Orbit is expected to be the tallest structure in the UK and will offer views across the entire 250 acres of the Olympic Park and London's skyline.

Research by Visit London suggests that 13,300 new rooms will be opened in time for the opening ceremony of the Olympics has venues look to make the most of the capital staging the Games.